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Thursday, 14 November 2019

Suez Canal revenues rise to $503 million in May: Canal authority head

Reuters , Saturday 16 Jun 2018
Suez Canal
File Photo: A ship crosses Egypt's Suez Canal (Photo: Reuters)
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Egypt's Suez Canal revenues rose to $503.13 million in May, up from $479.3 million in April, according to figures released by the head of the Suez Canal Authority, Mohab Memish.

Memish said revenues rose by $63.33 million last month compared to May 2017, an increase of 14.4 percent.

The Suez Canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.

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